Fulcrum Equity Partners, a growth equity firm investing in top performing healthcare, software and technology-enabled service companies, announced today the closing of its third fund, Fulcrum Growth Fund III (“Fund III”). Fund III closed with $203 million in committed capital, more than 60 percent above the original target of $125 million. The latest Fund exponentially exceeds its first two funds, which totaled $40 million and $93 million, respectively.
Fulcrum received tremendous support from its existing base of investors that includes many current and former CEOs and also welcomed a number of new name-brand institutions to its LP base. To further fuel its growth, the Atlanta-based firm, which also has an office in St. Petersburg, Fla., will open a third office in Chapel Hill, N.C. this fall.
“The Fulcrum team is excited about the opportunity we see in the market to deploy Fund III. We have already closed investments in four portfolio companies with a fifth company under signed letter of intent,” said Jeff Muir, partner at Fulcrum. “The larger Fund enables us to be a stronger financial partner to help entrepreneurs take promising growth stage businesses to the next level through both capital infusion as well as operating experience.”